Nintendo this week slashed the price of its 3DS console, which is a bit of a nightmare for Sony and its upcoming PlayStation Vita.
"When Sony announced PS Vita pricing at $249.99, 3DS price had to come down," an analyst told CVG. "PS Vita pricing feels compatible with value now, but unless the economy improves more rapidly, a price cut should come sooner rather than later."
"This price cut does put the Vita in a tough position. It all comes down to the content and if the Vita can deliver a library of high quality entertainment products, it should be able to thrive at the $249 price point."
Nintendo is now making a loss on every 3DS sold. The Vita is due out early next year.
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